Bloomberg L.P. announced Wednesday that it has reached an agreement to lease more than 400,000 square feet of additional office space at 120 Park Avenue in New York to accommodate its rapid growth.
“This new location is ideal as we build upon our record-setting year in 2010 and position ourselves for future growth,” said Peter Grauer, chairman of Bloomberg L.P., in a statement.
Since 2008, Bloomberg L.P. has added 1,805 New York-based staff and now employs more than 6,500 people in its New York offices.
“We continue to hire in New York and we expect that to continue as we expand our businesses and move into new markets worldwide,” said Daniel Doctoroff, president of Bloomberg L.P., in a statement.
Bloomberg expects to begin occupying the new offices in late 2011 after renovations to the space. In December, the company announced plans to build a new European headquarters in the City of London that will include over 500,000 square feet of office space.
